This man that my brother does odd jobs for said that he can have this truck that was sitting in his backyard for years. The man told my brother that he was repairing it for some guy who never returned to pick it up and it's just been sitting there for years. In the mean time we found out that their is a lien on the vehicle from a Credit Acceptance Co. Does that mean that there are still payments owing on the truck. Is the company looking to repossess the truck or did the man who left it do an insurance job or what? I told my brother that something sounds fishy about this situation what do you all think?
2007-03-23 08:06:28 · 6 answers · asked by stella 2 in Business & Finance ➔ Credit
It is fishy. Don't get involved until there is a clean title. Make sure the title shows the person you are getting the truck from as the owner. If not, the current owner will have to go to the BMV and get it transferred over to his name before he can give it to your brother.
2007-03-23 08:25:54 · answer #1 · answered by Mariposa 7 · 0⤊ 0⤋
Call the company that has the lien- they may be willing to sell it to you at a reduced price to get it off their books- otherwise, tell them to come and get it, and charge for storage!!!
2007-03-23 08:16:57 · answer #2 · answered by groverbrand 1 · 0⤊ 0⤋
Ask to see the title.
2007-03-23 08:23:58 · answer #3 · answered by Zee HatMan 3 · 0⤊ 0⤋
It sounds as if it is not that man's property to dispose of. Stay away.
2007-03-23 08:16:01 · answer #4 · answered by marie 7 · 0⤊ 0⤋
i wouldnt touch it without a clear title.
2007-03-23 08:10:08 · answer #5 · answered by just me #1 5 · 1⤊ 0⤋
looks shady to me.
2007-03-23 08:15:49 · answer #6 · answered by ad121ana 3 · 0⤊ 0⤋